2pm update - quiet end to the week

The US markets remain largely quiet ahead of the weekend. Despite the indexes being slightly lower, the VIX is significantly lower, -5.8% in the 12.90s. Metals remain moderately higher, whilst Oil is battling back from earlier small declines.


sp'60min

Summary

All the smaller 5, 15, 60min index cycles are arguably floored, and we're set for the sp'1700s on Monday.


MSFT remains exceptionally weak, -11/12%...

so far..no one wants to buy. As noted earlier, my target would be the 200 day MA.. in the 29s.